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Investment Highlights Market Valuation Price Chart Return vs. Risk About TER Interactive Breakdown Better Bets vs. TER Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Teradyne (TER)

Market Price (10/24/2025): $145.51 | Market Cap: $23.3 Bil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Teradyne (TER)

Market Price (10/24/2025): $145.51
Market Cap: $23.3 Bil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%		 Trading close to highs
Dist 52W High is -1.9%		 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.8%, Rev Chg QQuarterly Revenue Change % is -11%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%		  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
2 Trading close to highs
Dist 52W High is -1.9%
3 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.8%, Rev Chg QQuarterly Revenue Change % is -11%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%

Market Valuation & Key Metrics

TERS&P 500
REVENUE GROWTHVERY POOR
Rev LTM ($ Bil)2.8
Rev Chg Q-10.7%6.2%
Rev Chg LTM4.6%5.1%
Rev Chg 3Y Avg-5.8%5.4%
PROFITABILITYFAIR
Op Inc LTM ($ Bil)0.5
CFO LTM ($ Bil)0.8
Net Inc LTM ($ Bil)0.5
Op Mgn LTM19.2%18.6%
CFO/Rev LTM28.0%20.4%
Net Inc Mgn16.6%12.7%
VALUATIONVERY HIGH
P/S8.23.2
P/CFO29.415.9
P/FCF40.921.1
P/E49.624.2
STABILITYGOOD
Debt/Equity0.000.21
Cash/Assets0.100.07

TER Stock

   
   
   
   
   
   
   

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
TER Return77%37%-46%25%17%16%108%
Peers Return50%54%-32%59%2%47%275%
S&P 500 Return16%27%-19%24%23%15%106%

Monthly Win Rates [3]
TER Win Rate58%58%50%58%67%56% 
Peers Win Rate60%68%37%63%47%53% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
TER Max Drawdown-35%-13%-56%-5%-12%-46% 
Peers Max Drawdown-34%-5%-49%-8%-12%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: KEYS, FORM, LRCX, AMAT, KLAC. See TER Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/23/2025 (YTD)

How Low Can It Go

Unique KeyEventTERS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-57.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven136.2%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-41.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven72.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven77 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-42.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven72.5%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven212 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-83.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven516.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven818 days1480 days

Compare to KEYS, FORM, LRCX, AMAT, KLAC


In The Past

Teradyne's stock fell -57.7% during the 2022 Inflation Shock from a high on 12/27/2021. A -57.7% loss requires a 136.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Teradyne (TER)

Better Bets than Teradyne (TER)

 TERBetter Performance than TER
MetricValueIndustry (Semiconductor Materials & Equi)
Rev Chg LTM4.6%LRCX (23.7%), AMAT (6.6%), KLAC (23.9%), NVMI (43.7%), AEIS (8.5%)
Rev Chg 3Y Avg-5.8%LRCX (3.5%), AMAT (4.4%), KLAC (10.4%), ENTG (10.9%), NVMI (17.9%)
Op Mgn LTM19.2%LRCX (32.0%), AMAT (30.1%), KLAC (41.2%), NVMI (28.9%), CAMT (26.6%)
CFO/Rev LTM28.0%LRCX (33.5%), KLAC (33.6%), NVMI (28.5%)
FCF/Rev LTM20.1%LRCX (29.4%), AMAT (20.4%), KLAC (30.8%), NVMI (25.5%), ONTO (23.0%)
Total Yield2.4%LRCX (3.5%), AMAT (4.5%), KLAC (3.2%), ENTG (2.4%), MKSI (3.4%)
 TERBetter Performance than TER
MetricValueAll Other Sectors
Rev Chg LTM4.6%GOOGL (13.1%), AMZN (10.9%), META (19.4%), JPM (8.2%), LLY (36.8%)
Rev Chg 3Y Avg-5.8%GOOGL (10.2%), AMZN (11.3%), META (13.0%), TSLA (9.3%), WMT (5.7%)
Op Mgn LTM19.2%GOOGL (32.7%), META (42.9%), LLY (43.0%), V (66.5%), MA (58.0%)
CFO/Rev LTM28.0%GOOGL (36.0%), META (56.4%), V (60.4%), MA (53.3%), ABBV (33.1%)
FCF/Rev LTM20.1%META (30.7%), V (56.8%), MA (49.2%), NFLX (20.7%), JNJ (20.3%)
Total Yield2.4%GOOGL (4.1%), AMZN (3.0%), META (3.9%), WMT (3.3%), JPM (6.9%)
 Best Bets In Information Technology Sector
 TERVRSN NVDA RMBS QLYS ADBE YOU GEN IDCC DBX KLAC
What You Pay           
P/E49.528.851.347.725.121.517.228.120.916.537.7
P/EBIT43.320.844.042.323.517.220.310.316.814.030.9
What You Get           
Rev Chg Q-10.7%7.3%55.6%30.3%10.3%10.7%17.5%30.3%34.5%-1.4%23.6%
Rev Chg LTM4.6%5.5%71.6%35.2%9.6%10.7%19.8%10.6%21.8%-0.0%23.9%
Rev Chg 3Y Avg-5.8%5.2%92.0%18.7%12.5%10.5%35.5%14.8%23.3%4.1%10.4%
FCF/Rev 3Y Avg18.0%57.4%41.3%40.9%39.0%37.7%37.3%35.9%35.1%32.9%31.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Teradyne Earnings Notes  
2Lam Research vs Teradyne: Which Is the Stronger Buy Today?Counter-Intuitive Comparisons 
3Teradyne Stock Jumped 8.9% in a Month, What Now?Return 
4LRCX, AMAT Beat Teradyne Stock on Price & GrowthActionable 
5Day 5 of Gains Streak for Teradyne Stock with 10% Return (vs. 18% YTD) [10/6/2025]Notification 
6With TER Up 18% in a Month, Is It Time to Compare It Against LRCX?Counter-Intuitive Comparisons 
7Does Teradyne Stock Lead the Pack?  
8Better Bet Than TER Stock: Pay Less Than Teradyne To Get More From MU, LRCX   
9Better Bet Than TER Stock: Pay Less Than Teradyne To Get More From LRCX, KLAC   
10TER Dip Buy Analysis  
11ARTICLES  
12S&P 500 Movers | Winners: PEP, MKTX, AZO | Losers: SNPS, MOS, TER October 13th, 2025
13After TER’s 10% Climb in a Week, LRCX Looks Like the Stronger Long-Term Play October 7th, 2025
14TER Stock Up 10% after 5-Day Win Streak October 6th, 2025
15Better Bet Than Teradyne Stock: Pay Less To Get More From LRCX, AMAT October 3rd, 2025
16TER Up 12% In A Month. Do You Buy Or Wait? September 26th, 2025
Title
0DASHBOARDS
1S&P 500 Movers | Winners: PEP, MKTX, AZO | Losers: SNPS, MOS, TER
2After TER’s 10% Climb in a Week, LRCX Looks Like the Stronger Long-Term Play
3TER Stock Up 10% after 5-Day Win Streak
4Better Bet Than Teradyne Stock: Pay Less To Get More From LRCX, AMAT
5TER Up 12% In A Month. Do You Buy Or Wait?
6ARTICLES
7Teradyne Earnings Notes
8Lam Research vs Teradyne: Which Is the Stronger Buy Today?
9Teradyne Stock Jumped 8.9% in a Month, What Now?
10LRCX, AMAT Beat Teradyne Stock on Price & Growth
11Day 5 of Gains Streak for Teradyne Stock with 10% Return (vs. 18% YTD) [10/6/2025]
12With TER Up 18% in a Month, Is It Time to Compare It Against LRCX?
13Does Teradyne Stock Lead the Pack?
14Better Bet Than TER Stock: Pay Less Than Teradyne To Get More From MU, LRCX 
15Better Bet Than TER Stock: Pay Less Than Teradyne To Get More From LRCX, KLAC 
16TER Dip Buy Analysis

Trade Ideas

Select past ideas related to TER. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		0.4%0.4%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		8.3%8.3%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		8.8%8.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		5.9%5.9%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		2.1%2.1%-0.3%
TER_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE04302025TERTeradyneDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		87.6%87.6%-0.6%
TER_11302022_Dip_Buyer_ValueBuy11302022TERTeradyneDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		7.4%-0.9%-11.2%
TER_4302022_Dip_Buyer_FCFYield04302022TERTeradyneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.8%-13.0%-32.2%
TER_12312018_Dip_Buyer_FCFYield12312018TERTeradyneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		56.3%118.9%-5.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		0.4%0.4%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		8.3%8.3%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		8.8%8.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		5.9%5.9%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		2.1%2.1%-0.3%
TER_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE04302025TERTeradyneDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		87.6%87.6%-0.6%
TER_11302022_Dip_Buyer_ValueBuy11302022TERTeradyneDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		7.4%-0.9%-11.2%
TER_4302022_Dip_Buyer_FCFYield04302022TERTeradyneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.8%-13.0%-32.2%
TER_12312018_Dip_Buyer_FCFYield12312018TERTeradyneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		56.3%118.9%-5.7%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor53.8%92.4%
2BETRBetter Home & Finance49.4%864.9%
3BALYBallys46.7%4.6%
4CLBCore Laboratories44.2%-4.7%
5LBRTLiberty Energy35.8%-16.8%
6CELCCelcuity34.3%439.1%
7WGOWinnebago Industries31.4%-14.3%
8CCOClear Channel Outdoor31.0%35.8%
9PMIPicard Medical28.2%20852.4%
10ISRGIntuitive Surgical26.8%5.6%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1ITGRInteger-28.3%-44.2%
2METCRamaco Resources-27.2%256.2%
3SESSES AI-24.5%8.2%
4SLIStandard Lithium-23.7%181.5%
5QBTSD-Wave Quantum-23.2%269.8%
6OKLOOklo-23.1%487.4%
7INBXInhibrx Biosciences-22.5%84.2%
8LENZLENZ Therapeutics-22.4%8.7%
9ASMAvino Silver & Gold Mines-21.6%476.6%
10SMRNuScale Power-21.2%109.5%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1232.9%344.3%
2PRAXPraxis Precision Medicines263.5%131.3%
3NVTSNavitas Semiconductor98.4%281.2%
4ORKAOruka Therapeutics77.7%39.9%
5GRALGRAIL77.4%363.0%
6VICRVicor76.1%92.4%
7UAMYUnited States Antimony75.9%562.7%
8PMIPicard Medical69.9%20852.4%
9BALYBallys68.8%4.6%
10SNDKSanDisk67.3% 

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1FLYFirefly Aerospace-36.0% 
2SOCSable Offshore-35.6%-38.8%
3VGVenture Global-33.7% 
4FWRDForward Air-31.6%-41.2%
5NFENew Fortress Energy-31.1%-88.3%
6GOSSGossamer Bio-30.1%131.0%
7USNAUsana Health Sciences-28.6%-42.5%
8ITGRInteger-28.2%-44.2%
9RCReady Capital-27.5%-50.8%
10PSIXPower Solutions International-27.4%170.7%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor53.8%92.4%
2BETRBetter Home & Finance49.4%864.9%
3BALYBallys46.7%4.6%
4CLBCore Laboratories44.2%-4.7%
5LBRTLiberty Energy35.8%-16.8%
6CELCCelcuity34.3%439.1%
7WGOWinnebago Industries31.4%-14.3%
8CCOClear Channel Outdoor31.0%35.8%
9PMIPicard Medical28.2%20852.4%
10ISRGIntuitive Surgical26.8%5.6%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1ITGRInteger-28.3%-44.2%
2METCRamaco Resources-27.2%256.2%
3SESSES AI-24.5%8.2%
4SLIStandard Lithium-23.7%181.5%
5QBTSD-Wave Quantum-23.2%269.8%
6OKLOOklo-23.1%487.4%
7INBXInhibrx Biosciences-22.5%84.2%
8LENZLENZ Therapeutics-22.4%8.7%
9ASMAvino Silver & Gold Mines-21.6%476.6%
10SMRNuScale Power-21.2%109.5%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Teradyne

Financials

TERKEYSFORMLRCXAMATKLACMedian
NameTeradyne Keysight.FormFact.Lam Rese.Applied .KLA  
Mkt Price145.04168.3842.84147.54228.471,159.00157.96
Mkt Cap23.229.03.3188.0182.3153.091.0
Rev LTM2,8285,24376518,43628,61312,1568,700
Op Inc LTM544889415,9018,6235,0142,952
FCF LTM5691,41545,4145,8233,7422,578
FCF 3Y Avg5031,181184,7826,4573,3672,274
CFO LTM7931,5431056,1737,7054,0822,812
CFO 3Y Avg6851,347905,3357,7883,6872,517

Growth & Margins

TERKEYSFORMLRCXAMATKLACMedian
NameTeradyne Keysight.FormFact.Lam Rese.Applied .KLA  
Rev Chg LTM4.6%4.8%8.3%23.7%6.6%23.9%7.4%
Rev Chg 3Y Avg-5.8%0.1%-0.7%3.5%4.4%10.4%1.8%
Rev Chg Q-10.7%11.1%-0.8%33.6%7.7%23.6%9.4%
QoQ Delta Rev Chg LTM-2.7%2.6%-0.2%7.6%1.9%5.2%2.3%
Op Mgn LTM19.2%17.0%5.4%32.0%30.1%41.2%24.7%
Op Mgn 3Y Avg20.2%20.2%2.5%30.2%29.4%38.8%24.8%
QoQ Delta Op Mgn LTM-1.6%0.1%-0.7%1.2%0.5%1.1%0.3%
CFO/Rev LTM28.0%29.4%13.7%33.5%26.9%33.6%28.7%
CFO/Rev 3Y Avg24.5%25.5%12.5%31.5%28.5%34.1%27.0%
FCF/Rev LTM20.1%27.0%0.5%29.4%20.4%30.8%23.7%
FCF/Rev 3Y Avg18.0%22.3%2.6%28.3%23.7%31.1%23.0%

Valuation

TERKEYSFORMLRCXAMATKLACMedian
NameTeradyne Keysight.FormFact.Lam Rese.Applied .KLA  
Mkt Cap23.229.03.3188.0182.3153.091.0
P/S8.25.54.310.26.412.67.3
P/EBIT43.326.442.930.619.930.930.8
P/E49.553.275.235.126.737.743.6
P/CFO29.318.831.430.523.737.529.9
Total Yield2.4%1.9%1.3%3.5%4.5%3.2%2.8%
Dividend Yield0.3%0.0%0.0%0.6%0.7%0.6%0.5%
FCF Yield 3Y Avg2.9%4.3%0.4%4.3%4.4%3.6%4.0%
D/E0.00.10.00.00.00.00.0
Net D/E-0.00.0-0.1-0.0-0.00.0-0.0

Returns

TERKEYSFORMLRCXAMATKLACMedian
NameTeradyne Keysight.FormFact.Lam Rese.Applied .KLA  
1M Rtn7.7%-5.4%15.5%11.8%13.7%8.2%10.0%
3M Rtn59.0%1.7%25.1%51.2%21.8%28.5%26.8%
6M Rtn88.1%17.1%51.9%109.0%53.0%68.9%60.9%
12M Rtn17.1%9.8%-0.7%104.6%26.4%76.1%21.7%
3Y Rtn89.7%-0.6%62.6%307.9%176.5%304.8%133.1%
1M Excs Rtn7.4%-5.0%16.4%13.5%11.9%6.9%9.6%
3M Excs Rtn55.6%-4.3%20.2%47.0%17.9%23.3%21.7%
6M Excs Rtn65.2%-5.8%29.0%86.2%30.2%46.0%38.1%
12M Excs Rtn0.6%-8.4%-18.0%89.6%10.0%58.6%5.3%
3Y Excs Rtn20.8%-76.7%-12.5%292.5%131.0%263.8%75.9%

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/29/20253/30/202512/31/20249/29/20246/30/20243/31/202412/31/202310/1/20237/2/20234/2/202312/31/202210/2/2022
Filing Date8/1/20255/2/20252/20/202511/1/20248/2/20245/3/20242/22/202411/3/20238/4/20235/5/20232/22/202311/4/2022
Key Financials Quarterly            
Total Revenue652686753737730600671704684618732827
Ebitda129150190190251102169173173126224255
Operating Income931351591571558213015114695164233
Net Income78991461461866411712812084172183
EPS0.490.610.900.891.180.420.770.830.780.541.111.17
Key Financials TTM            
Total Revenue TTM2,8282,9062,8202,7382,7042,6592,6762,7382,8613,0173,1553,308
Ebitda TTM6587817327116956166406967788719551,018
Operating Income TTM544605552524518510522556639742849954
Net Income TTM469577542513496429449504559637716767
Growth Rates Quarterly            
Total Revenue Growth-10.7%14.3%12.3%4.8%6.6%-2.9%-8.4%-14.9%-18.6%-18.2%-17.3%-13.0%
EBITDA Growth-48.7%47.6%12.4%9.6%45.5%-19.1%-24.8%-32.1%-35.2%-39.9%-22.1%-23.1%
Operating Income Growth-39.9%64.6%21.6%3.9%5.9%-13.4%-20.6%-35.4%-41.5%-52.9%-39.0%-27.9%
Net Income Growth-57.9%54.1%24.9%13.7%55.2%-23.1%-32.1%-30.2%-39.3%-48.4%-23.1%-28.5%
Margins Quarterly            
EBITDA Margin19.8%21.9%25.2%25.8%34.4%17.0%25.1%24.6%25.2%20.4%30.6%30.9%
Operating Income Margin14.3%19.7%21.1%21.2%21.2%13.7%19.4%21.4%21.4%15.4%22.4%28.2%
Net Income Margin12.0%14.4%19.4%19.8%25.5%10.7%17.5%18.2%17.5%13.5%23.5%22.2%
Cash & Debt            
Total Cash368508600552461749820717708742894776
Total Debt74697779808383111118120133134
Net Debt / (Cash)-293-439-523-472-380-666-737-606-590-622-762-642
Cash Flows Quarterly            
FCF from Operations182162283166216724917414319183272
Cash Flows TTM            
FCF from Operations TTM793827672638646573585520617590578726
Returns to Shareholders Quarterly            
Dividends191919201918171717171717
Share Repurchases1171571442582251119135932217
Return on Invested Capital (ROIC) Quarterly            
ROIC19.0%32.4%46.2%40.1%36.0%24.9%40.3%45.3%41.1%28.8%60.1%72.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM29.1%37.2%37.6%31.7%30.5%37.6%41.2%40.8%45.6%55.1%75.0%78.2%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Semiconductor Test1,9572,3512,6422,2601,553
Robotics375403376280298
All Other344401   
Corporate And Eliminations000-1-1
System Test  468410287
Wireless Test  217173157
Total2,6763,1553,7033,1212,295


Assets by Segment
$ Mil20242023202220212020
Semiconductor Test1,3891,4361,2461,070785
Corporate And Eliminations1,1701,1931,5841,6241,102
Robotics737666701713672
All Other191207   
System Test  171138131
Wireless Test  10810697
Total3,4873,5013,8093,6522,787


Price Behavior

TER Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta1.191.741.411.711.701.81
Up Beta0.112.562.381.731.661.67
Down Beta-3.750.703.062.051.941.74
Up Capture305%256%194%200%191%1190%
Bmk +ve Days13233574144420
Stock +ve Days10233363124379
Down Capture67%69%-120%106%134%110%
Bmk -ve Days8192952107330
Stock -ve Days11193163127370

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity10,319,893
Short Interest: % Change Since 9152025-2.3%
Average Daily Volume4,220,314
Days-to-Cover Short Interest2.45
Basic Shares Quantity159,967,000
Short % of Basic Shares6.5%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/202518.9%18.1%29.2%
4/29/2025-2.5%-1.8%4.6%
1/30/2025-5.7%-7.7%-9.9%
10/24/2024-11.0%-12.0%-15.2%
7/25/2024-13.4%-8.6%-8.6%
4/25/20248.2%12.9%39.4%
1/31/2024-7.6%-6.5%-0.8%
10/26/2023-3.2%-5.9%5.3%
...
SUMMARY STATS   
# Positive101011
# Negative141413
Median Positive3.4%4.1%7.9%
Median Negative-3.3%-6.1%-6.8%
Max Positive18.9%21.0%39.4%
Max Negative-22.4%-18.2%-16.2%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025801202510-Q 6/29/2025
3312025502202510-Q 3/30/2025
12312024220202510-K 12/31/2024
93020241101202410-Q 9/29/2024
6302024802202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231103202310-Q 10/1/2023
6302023804202310-Q 7/2/2023
3312023505202310-Q 4/2/2023
12312022222202310-K 12/31/2022
93020221104202210-Q 10/2/2022
6302022805202210-Q 7/3/2022
3312022506202210-Q 4/3/2022
12312021223202210-K 12/31/2021
93020211105202110-Q 10/3/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Smith Gregory StephenPresident and CEO9242025Sell126.3955470,02012,118,905Form
1Smith Gregory StephenPresident and CEO9162025Sell115.0055463,71011,090,484Form
2Smith Gregory StephenPresident and CEO8142025Sell106.0055458,72410,281,257Form
3JOHNSON MERCEDES8072025Sell106.0062566,2501,204,478Form
4JOHNSON MERCEDES3052025Sell110.9662569,3501,416,737Form

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